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Dec 31, 2012
12/12
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so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run out of money. the age of eligibility for medicare recipients is 65. it hasn't changed one day since 1965 when it was first started. we're all living longer. i propose we adjust the retirement age to 67 over a 10 or 20-year period. that will save the program in many ways. people in my income level, we shouldn't get any money from the government to help buy my prescription drugs. i should pay the full cost because i can afford to. that's called means testing. and this c.p.i. thing you hear a lot about, that's how you evaluate benefits. it needs to be re-evaluated based on real inflation. we'
so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run...
73
73
Dec 29, 2012
12/12
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and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been around for a few years and i've seen this coming since 1970. when revenue -- when wages did not go up, revenue doesn't come into the government. and when we constantly spend and promote money, shipment overseas, shipment job overseas, and we blame people like me on social security, you know we're elite on systems. excuse my language. host: david, we're going to leave it there. joseph rosenberg. guest: it is true right now that tax collections are at near historic low but that largely remains a result of the still weak economy. and so when the economy went into recession in late 2008, tax collections re
and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been...
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94
Dec 28, 2012
12/12
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we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. se
we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it...
132
132
Jan 1, 2013
01/13
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again, that is what president obama told us yesterday -- we will run out of other people's money by what is now this year, and he will head to go back to the well, and lower the threshold for texas. -- taxes. i was thinking, greta, what would be a great idea -- currently there is no tax on political campaigns, but a wonderful incentive to make the tax code more fair is if they levied a tax on political campaigns. after all, they usually raise many millions of dollars. it is a million-dollar company. whatever the tax rate is, the highest tax rate for some succor of their making money, -- sucker out there making money, apply that to political campaigns, so they not only have to raise the money for the campaigns, but also the 39% tax. i do not know what you would do with that money, maybe directly to deficit reduction, but i think it would be a nice incentive. host: we should note that while the house is coming in at noon and it could vote as early as 1:00 p.m. today, the senator did not get -- the senate did not go home after building this -- voting earlier this morning. harry reid said th
again, that is what president obama told us yesterday -- we will run out of other people's money by what is now this year, and he will head to go back to the well, and lower the threshold for texas. -- taxes. i was thinking, greta, what would be a great idea -- currently there is no tax on political campaigns, but a wonderful incentive to make the tax code more fair is if they levied a tax on political campaigns. after all, they usually raise many millions of dollars. it is a million-dollar...
166
166
Dec 29, 2012
12/12
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president obama promised in his campaign to lower the corporate tax rate, which i believe would bring some corporations back to set up their factories of in america and said of china, india, brazil. it just seems like congress and our leaders in general are trying to bring america down equal to the other nations of the world. i believe it is all headed for a one world government. they have to knock america down before they can get us equal with the other countries in the world. we are building the other countries up. it's a cinch to me like our leaders reject i agree with the last caller, there should be term limits. after they are in there so long, their interest is not in helping america. it seems to me like they are positioning for money in their own pockets or they become lobbyists. this secreted a law that they should not be able to become lobbyists for a few years sucker they leave congress or senate. they need to just bring america back up. if it would bring more jobs back to america, then we would have more taxes to be collected. host: more in the financial times this morning.
president obama promised in his campaign to lower the corporate tax rate, which i believe would bring some corporations back to set up their factories of in america and said of china, india, brazil. it just seems like congress and our leaders in general are trying to bring america down equal to the other nations of the world. i believe it is all headed for a one world government. they have to knock america down before they can get us equal with the other countries in the world. we are building...
174
174
Jan 1, 2013
01/13
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so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run out of money. the age of eligibility for medicare recipients is 65. it hasn't changed one day since 1965 when it was first started. we're all living longer. i propose we adjust the retirement age to 67 over a 10 or 20-year period. that will save the program in many ways. people in my income level, we shouldn't get any money from the government to help buy my prescription drugs. i should pay the full cost because i can afford to. that's called means testing. and this c.p.i. thing you hear a lot about, that's how you evaluate benefits. it needs to be re-evaluated based on real inflation. we'
so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run...
90
90
Dec 27, 2012
12/12
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eye 90
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have been -- >> we're going to go now to andrews air force base with air force one burning president obama back. he is in route to the white house today after celebrating christmas in hawaii with his family. he is returning early from his holiday to address to andrews air issues of the fiscal cliff. speaker boehner said that the senate must act first. senators are in session right now. there is the plane landing. this is live coverage on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> and we have been watching the president's return to join based andrews. andrew to the white house now after celebrating -- he is on his way to the white house doctor celebrating christmas in hawaii with his family. he is traveling with the latest appointed senator to replace daniel inouye. he will be sworn in today in the senate. the president has returned early from his christmas vacation to work on avoiding the fiscal cliff, a series of tax increases and spending cuts set to take effect on january 1st. last night, the president call
have been -- >> we're going to go now to andrews air force base with air force one burning president obama back. he is in route to the white house today after celebrating christmas in hawaii with his family. he is returning early from his holiday to address to andrews air issues of the fiscal cliff. speaker boehner said that the senate must act first. senators are in session right now. there is the plane landing. this is live coverage on c-span. [captioning performed by national...
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105
Dec 28, 2012
12/12
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obama ran on we're not raising taxes. now, income is a weird thing. i mean, look, i can make $250,000 in income as a working person and my taxes will go up. but if i was mitt romney the ex-presidential loser who made $15 million based on -- what is it tax deferred investments then my taxes won't go up a bit. the republican party is not interested in helping this country they are helping a narrow sliver. >> we're going to leave it there. we're going to keep continuing coverage bringing you updates from the white house or the floor of the capitol. we heard from president obama earlier from the white house briefing room. we're going to take a look at his comments now on the fiscal cliff and the prospects for a deal going forward. >> good afternoon, everybody. for the past couple of months i've been working with leaders from both parties to try to forge an agreement that will grow our economy and shrink the deficit. a balanced plan that will cut spending in a responsible way but also ask the wealthiest americans to pay a little more. above all, avoid the
obama ran on we're not raising taxes. now, income is a weird thing. i mean, look, i can make $250,000 in income as a working person and my taxes will go up. but if i was mitt romney the ex-presidential loser who made $15 million based on -- what is it tax deferred investments then my taxes won't go up a bit. the republican party is not interested in helping this country they are helping a narrow sliver. >> we're going to leave it there. we're going to keep continuing coverage bringing you...
111
111
Dec 28, 2012
12/12
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. >> we've been hearing about the talks with president obama and speaker boehner athat they were looking at the grand bargain that would include tax increases and changes to social security, changes to medicare, cuts in defense spending potentially as well. we're talking $3 to $4 trillion in changes over years. now it's going to be modest and that may include changes to the tax code. but they're going to have to come back in 2013 no matter what and talk about changes in med sare and social security and address the debt ceiling as well. host: these are two comments and they reflect the frustration in the country. how is the bickering back and forth solving anything fplgt all government spending should be on the table for spending reform. and the other viewer says obama and the other i had yots until the white house are doing what they do best, talk. guest: right after the election we heard them say the election is behind us, we can put down our swords and get down to doing the country's business. that evaporated within days and now we are back to where we were in the summer of 2011 where
. >> we've been hearing about the talks with president obama and speaker boehner athat they were looking at the grand bargain that would include tax increases and changes to social security, changes to medicare, cuts in defense spending potentially as well. we're talking $3 to $4 trillion in changes over years. now it's going to be modest and that may include changes to the tax code. but they're going to have to come back in 2013 no matter what and talk about changes in med sare and...